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ORION Holdings Corp (001800) Fair Value & Analysis

Consumer Defensive · KR · Market cap 1.5T KRW (≈ $1.1B) · ISIN KR7001800002

OH ORION Holdings Corp 001800 · KO
Price26,200 KRW
Fair Value42,237 KRW
Upside+61.2%
Quality60/100
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Strengths

Trades 38% below our fair value of 42,237 KRW
Low debt · generates free cash flow
Ranks above peers (10/10)

Risks

!Mixed Growth (revenue 5y +8.3 %/yr)
!Thin margins · 3.8% net margin
!Narrow moat 42/100
!Evidence only medium, so the estimate is less certain
Mixed Growth (revenue 5y +8.3 %/yr)
Thin margins · 3.8% net margin
Low debt · generates free cash flow
6.30% dividend yield
Ranks above peers (10/10)
Narrow moat 42/100
Evidence: Medium Range 32,330 KRW – 52,796 KRW Share as image

Fair value as of: Aug 28, 2026

From 24 valuation models · updated 3 days ago

Share price +1.7% over the past month.

A solid business, trading 38% below our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The price is below even our cautious bear case (32,330 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

27,950 KRW 10,995 KRW Fair Value 42,237 KRW Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 28, 2026.

How to read this chart

60‑month range 10,995 KRW – 27,950 KRW · fair‑value band 32,330 KRW – 52,796 KRW · the 26,200 KRW price screens below the 42,237 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 28, 2026.

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Analysis

ORION Holdings Corp (001800) currently trades at 26,200 KRW, while our model-based Fair Value estimate is 42,237 KRW, implying the stock looks roughly 61.2% undervalued today. The Quality Score stands at 60/100 (solid quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, ORION Holdings Corp generated revenue of 3.6T KRW at a net margin of 3.8%. Revenue grew 24.1% year over year. It earns a return on equity of 7.3%. Net debt stands at 156B KRW. Fundamentals as of Aug 28, 2026

Our scenario range runs from 32,330 KRW (bear case) to 52,796 KRW (bull case); at 26,200 KRW, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 13% below its 52-week high and 49% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -43% fair-value upside, at 61%, 001800 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
EPV 69,567 KRW 81,012 KRW 91,185 KRW 74
Residual Income 31,817 KRW 32,309 KRW 31,371 KRW 74
FCF DCF 101,384 KRW 160,587 KRW 354,166 KRW 72
All 24 models by family
DCF Models
FCF DCF 101,384 KRW 160,587 KRW 354,166 KRW 72
Owner Earnings 59,386 KRW 132,816 KRW 293,863 KRW 68
5Y Revenue Exit 79,012 KRW 133,677 KRW 248,124 KRW 67
5Y EBITDA Exit 124,253 KRW 225,189 KRW 423,488 KRW 69
5Y P/E Exit 54,462 KRW 102,220 KRW 164,960 KRW 66
10Y Revenue Exit 84,079 KRW 180,321 KRW 241,873 KRW 64
10Y EBITDA Exit 120,662 KRW 280,038 KRW 563,368 KRW 61
10Y P/E Exit 68,569 KRW 126,209 KRW 215,496 KRW 60
Earnings-Based
Graham-Dodd 13,677 KRW 95,379 KRW 133,851 KRW 61
Lynch FV 49,276 KRW 70,395 KRW 91,513 KRW 59
PEG = 1.0 49,276 KRW 70,395 KRW 91,513 KRW 55
EPV 69,567 KRW 81,012 KRW 91,185 KRW 74
Multiples
P/E Multiple 31,678 KRW 42,237 KRW 52,796 KRW 63
P/S Multiple 25,644 KRW 34,192 KRW 42,740 KRW 58
P/B Multiple 25,644 KRW 34,192 KRW 42,740 KRW 55
EV/EBIT 108,086 KRW 142,543 KRW 177,001 KRW 66
EV/EBITDA 126,728 KRW 167,399 KRW 208,071 KRW 67
EV/Revenue 63,938 KRW 89,321 KRW 114,703 KRW 54
Asset-Based
NCAV (Graham) 20,476 KRW 27,438 KRW 40,953 KRW 54
Growth DCF
Growth DCF 95,826 KRW 194,609 KRW 360,510 KRW 72
Rev-Margin DCF 86,774 KRW 152,240 KRW 289,228 KRW 67
Economic Profit
Residual Income 31,817 KRW 32,309 KRW 31,371 KRW 74
ROIC Compounder 96,216 KRW 149,112 KRW 188,061 KRW 69
Growth Earnings
Growth-Adj P/E 64,453 KRW 92,076 KRW 119,699 KRW 65

Widest divergence: Growth DCF (152,240 KRW) versus Asset-Based (27,438 KRW). Highest evidence: EPV (74).

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Key figures & financial health

P/S ratio 0.44 TTM
Dividend yield 6.3%
Net margin 3.6% FY2025
Return on equity 7.3% TTM
Return on assets (EBIT) 7.7% avg 5y
Operating margin 17.1% TTM
More key figures
Growth
Revenue (TTM) 3.6T KRW TTM
Revenue growth (YoY) +24.1% 3y avg +5.0%
EPS growth (YoY) +35.9%
Balance sheet & cash flow
Free cash flow 326B KRW FY2025
Net debt 156B KRW FY2019 · ≈ 0.5 yrs of FCF

Figures from reported company fundamentals · as of Aug 28, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 59 · Market factors (momentum, volatility) 67

Profitability 31
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 63
Earnings quality: real cash, not paper profit
Fin. Strength 65
Balance sheet, leverage, solvency risk
Investment 75
Disciplined investing over empire-building
Low Volatility 73
Calm price path (market factor)
Momentum 61
Price trend over the last 3–12 months (market factor)
52W Momentum 72
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

ORION Holdings Corp. manufactures and sells confectioneries in South Korea, China, and internationally. The company operates through Confectioneries, Entertainment, Construction, and Others segments.

Full company description

ORION Holdings Corp. manufactures and sells confectioneries in South Korea, China, and internationally. The company operates through Confectioneries, Entertainment, Construction, and Others segments. It provides pies, chips, cookies, fruit juices, cakes, chocolates, baked breads, jellies, energy bars, protein drinks, protein balls, brownies, cheese chips, potato snacks, mineral water, nutritional supplements, biscuits, snacks, and rice crackers. The company offers its products under the Choco Pie, Kkobuk Chips, Poca chips, The Taste of the Sun! "Sun', Cuttlefish Peanut Ball, Oh!Gamja, Mutuktuk Potato Chips & Mutuktuk Sweet Potato Chips, Goraebab, Custard, Diget, Mygummy, BICHOBI, Marie Biscuit, Tok Ping, Market O Brownie, Market O Potato Tok & Market O Squid Tok, Dr. You, Hao Li You Pai, Ya! Tudou, Hao You Qu, Shu Yuan, Hao Duo Yu, Q Di, Mo Gu Li, Guo Zi Guo Zi & Guo Zi Guo Xin, Lang Li Ge Lang, Songsong Lowsong Dangao, An, C'est Bon, O'Star & Swing, Custas, Masita, Goraebab & Jungle Boy, Goute & Marika & de Marie, BOOM Jelly, Chop Chop, Choco Boy, Tender and Soft Choco Chip Cookie, CRACK IT, Goute, Mr. Bagetti, O'rice, and Turtle Chips brands. It also offers convenience meal replacement products under the Market O Nature, O!Granola, O!Granola Bar, O!Granola Cacao, and O!Granola Pop brands. In addition, the company invests in and distributes films; and constructs and sells real estate projects; and engages in beverages, and investment and trading businesses, as well as provides business information services. It also exports its products to approximately 60 countries, including China, Vietnam, Russia, India, the Americas, Southeast Asia, and the Middle East. The company was formerly known as Orion Corporation and changed its name to ORION Holdings Corp. in June 2017. ORION Holdings Corp. was founded in 1956 and is headquartered in Seoul, South Korea.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ORION Holdings Corp reported revenue of 3.4T KRW in FY2025 versus 2.4T KRW in FY2021, a compound +8.9%/yr. Reported net income was 121B KRW in FY2025, compounding +8.9%/yr from FY2021.

Growth Quality 69/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
3.4T KRW
Latest YoY
+6.2%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.0%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+8.3%
Avg. revenue growth/yr (25Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.0%
Value creation/yr (5Y, in KRW) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+15.6% (9.3 + 6.3)
Revenue +8.9%/yr
FY21 2.4T KRW
FY22 2.9T KRW
FY23 3.0T KRW
FY24 3.2T KRW
FY25 3.4T KRW
Net income +8.9%/yr
FY21 86.0B KRW
FY22 103B KRW
FY23 85.6B KRW
FY24 161B KRW
FY25 121B KRW

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Cite: Fair Value Calculator (2026). "ORION Holdings Corp Fair Value". https://www.fairvalue-calculator.com/stock/001800

Peer Group

Confectioners · 83 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 60 · Top 25%
Fair Value upside +61% · Top 25%
Return on equity (TTM) 7% · Above median
Return on assets 5% · Top 25%
Net margin (TTM) 4% · Above median
Operating margin (TTM) 17% · Top 25%
Revenue growth 24% · Top 25%
Dividend yield (TTM) 6.3% · Top 25%
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Confectioners median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 22
FUTURE100 · sector 0
PAST29 · sector 21
HEALTH99 · sector 93
DIVIDEND84 · sector 53

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Confectioners stocks, each showing price versus our Fair Value estimate (as of Aug 28, 2026).

Stock Price Fair Value vs Fair Value
Chocoladefabriken Lindt & Sprüngli AG LISN CHF 92,700 CHF 9,485 -90%
Mondelez International, Inc MDLZ $63.01 $27.36 -57%
The Hershey Company HSY $179.05 $91.25 -49%
Barry Callebaut AG BARN CHF 1,118 CHF 711.91 -36%
ORION Corp 271560 124,600 KRW 203,315 KRW +63%
Tootsie Roll Industries, Inc TROLB $39.00 $22.21 -43%
Guangxi Yuegui Guangye Holdings 000833 ¥20.48 ¥9.09 -56%
Cloetta AB CLAB kr 54.85 kr 59.12 +8%
Balrampur Chini Mills Limited BALRAMCHIN ₹652.15 ₹318.59 -51%
PT Yupi Indo Jelly Gum Tbk YUPI 1,295 IDR 1,140 IDR -12%

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Frequently asked questions

Is ORION Holdings Corp (001800) overvalued or undervalued?
As of Aug 28, 2026, our model estimates a fair value of 42,237 KRW versus a price of 26,200 KRW, about +61% (undervalued).
What is the fair value of 001800?
Our model-based fair value for ORION Holdings Corp is 42,237 KRW (as of Aug 28, 2026), built from audited fundamentals. The current price: 26,200 KRW.
What is the quality score of 001800?
ORION Holdings Corp has a Quality Score of 60/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of ORION Holdings Corp (001800)?
ORION Holdings Corp reported trailing-twelve-month revenue of about 3.6T KRW (latest available figure, as of Aug 28, 2026).
What is the net profit margin of 001800?
The net profit margin of ORION Holdings Corp is about 3.8%, meaning it keeps roughly 3.8% of revenue as net income. Based on the latest reported figures.
Does ORION Holdings Corp pay a dividend?
ORION Holdings Corp currently shows a dividend yield of about 6.30% relative to its recent price (as of Aug 28, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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